Deutsche Bank, which has long been bearish on Tesla's stock price, recently released a rare research report on the stock. The bank reinstated a 'buy' rating on Tesla and named it the top stock in the automotive industry, whereas the bank had previously maintained a 'neutral' rating on Tesla in the long term.$Tesla (TSLA.US)$In addition, Deutsche Bank resumed tracking Tesla's target price, giving it a target price as high as $295, compared to Tesla's closing price of $216.27 on Monday.

Deutsche Bank stated that it sees Tesla as a technology platform that is trying to reshape multiple industries. Analyst Edison Yu stated that due to the potential of autonomous driving and humanoid robot business, the stock deserves a unique premium. In addition, the energy storage business is emphasized as going through a major inflection point of growth/profitability and is expected to generate $13 billion in sales by 2025.

As of the time of posting, Tesla's stock rose more than 4% at one point.

'In the short term, vehicle deliveries/profit margins have indeed declined, but we believe this is temporary as new models/updated products are about to be launched. In the long run, Tesla is an emerging leader in autonomous driving (Robotaxi) and humanoid robots Optimus... They represent some of the clearest and most profitable applications of end-to-end artificial intelligence.'

Overall, the consensus rating among Wall Street analysts for Tesla is 'hold'. After a 2.63% increase on Monday, Tesla's stock rose over 1% in pre-market trading on Tuesday.

In a few weeks, Tesla will release the third-quarter delivery report. This report will be released before Tesla's Robotaxi event on October 10th and the full third-quarter financial report later this month.

Analysts generally expect Tesla to deliver 0.461 million autos in the third quarter, compared to 0.444 million delivered in the previous quarter and 0.435 million delivered in the same period last year. Specifically, the market expects Model S/X deliveries to be 0.181 million, Model 3/Y to be 0.4304 million, and Cybertruck to be 0.128 million. Looking ahead to the fourth quarter, analysts generally expect Tesla to deliver 0.494 million autos.

As Musk expressed on social media X (formerly known as Twitter) at the time, he believes that Tesla's future lies in fully autonomous driving Robotaxi and the 'Optimus' humanoid robot. In a post on the X platform in July, he stated: Once Tesla fully solves the issue of autonomous driving and achieves mass production of the Optimus humanoid robot, anyone still holding short positions on Tesla will be 'eliminated', including none other than Bill Gates.

Musk even made seemingly crazy market cap predictions at a previous Tesla shareholder meeting, forecasting that with the combined support of autonomous driving technology and the Optimus humanoid robot, Tesla's market cap will exceed 30 trillion dollars.

Cathie Wood, nicknamed "Tesla's No.1 fan" and "Musk's staunch supporter," believes that Tesla's market value is expected to exceed 8 trillion US dollars. Ark Investment Management, founded and led by Wood, recently updated its target price for Tesla. Ark expects Tesla's stock price to reach $2,600 by 2029. Ark's bullish logic on Tesla is that nearly 90% of Tesla's market value and profits are expected to be attributed to a self-driving taxi network built on an extremely powerful AI supercomputer.

Editor/ping